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China may retaliate against the US for the arrest of Huawei’s leader

Avatar of Nick John By Nick John Dec25,2023 #China #Huawei #retaliate
China may retaliate against the US for the arrest of Huawei's leader 3
China may retaliate against the US for the arrest of Huawei's leader 3

The arrest of Ms. Meng Wanzhou, Vice President and Chief Financial Officer of Huawei, in Canada at the request of the US government will make trade negotiations between Washington and Beijing more difficult, according to the consulting firm.

Market Watch also quoted James Lewis – a former US Department of Commerce official, currently Director of Technology Policy at the Center for Strategic and International Studies (CSIS) saying: `Huawei is one of the companies approved by the government.

China’s Global Times newspaper this morning also posted on Twitter a warning about the escalating trade war from an expert `with close ties to the Chinese Ministry of Commerce`.

Ms. Manh Van Chu – Vice President and Chief Financial Officer of Huawei.

Huawei is one of the world’s largest telecommunications equipment manufacturers.

The US government has long been worried about cybersecurity risks from Huawei equipment, CNBC said.

Meng is the daughter of Huawei founder Ren Zhengfei and is expected to succeed her father as CEO.

The Trump administration has long attacked Chinese technology companies.

`With the US considering a number of claims, such as China’s violation of the 2015 agreement on theft of intellectual property and trade secrets, this latest move will affect the atmosphere around the negotiations.

Huawei confirmed the arrest of its leader in a statement this morning.

This took place just a week before the US and China met to discuss trade issues mentioned in the investigation by the Office of the US Trade Representative.

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